Two construction industry giants have teamed up in order to deliver large scale projects in China and around the world.
America’s AECOM has signed a memorandum of understanding with Shanghai Greenland Construction, a subsidiary of the $40bn-revenue Greenland Group, furthering cooperation between the two companies.
Daniel McQuade, President of AECOM’s Construction Services group, said: “Our cooperation with Greenland, which has thrived over several years, creates a strong foundation to explore an even wider universe of future opportunities.
“Aligning our capabilities and resources more closely through the structure of the MOU we signed today enables us to provide a truly differentiated offering of integrated services, in a flexible and reliable manner.”
AECOM and Greenland have so far worked together on five projects around the world, including a $1.2bn metropolis development in Los Angeles, the first stage of which opened in 2016.
The firms are also cooperating on the London Spire, which is set to become the tallest residential building in Western Europe.
Tong Sun, Executive Vice President of Greenland Holdings Group, added: “With China’s domestic construction industry expanding further and Chinese construction companies seeking to participate in more projects around the world, we foresee great potential for our offerings now and in the years to come.”
Last year AECOM reported revenues of $18.2bn, placing it comfortably on the Fortune 500 list of America’s largest companies.